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20121006
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FOX Business
Oct 4, 2012 12:00am EDT
co-founder and his take on this. >> does the government deliver? >> copac did only can deliver. >> please. in reality we have passenger trains hemorrhaging money. >> notes node no. taxpayers paying police officers. >> they're not doing what they were hired to do. >> even defense is riddled with waste the post office can not even close will offices civic this governor closed parts of government. >> and people in government think they are a genius. peppermint inc.. today. >> that is what we call the show but what does that mean? doing what private sector should do. health care, transportation and mail. it is faster and cheaper if they step aside and let competitors compete. they bring in the managers' index birds suddenly they could. they are so smart. government decided to build cars. it was a terrible car. but central planning said it was great. once the berlin wall came down and had competition it disappeared. but when government runs things, this is what we get to. allows the -- lousy product and services. we need some government. not too much. my first guest is a governor bu
FOX Business
Sep 30, 2012 1:00am EDT
, he tries to get up, up, up. when i went to work for ibm 30-odd years ago, the government didn't teach me how computers work. bem caught me. rockefeller's oil company taught people how to drill for oil and gas and the third thing that strikes me that's not going to work. he wants to double manufacturing jobs, increase manufacturing jobs, that's fine, but why does the manufacturing get the benefit of government largest, why not the financial sector, oil and gas, all of this stuff drives the debt sky high and we know that the government can't spend money efficiently, it's just wrong. >> and jonas, there are also some tax hikes here, and wouldn't that do something to decrease the deficit? >> yes, it's the only specific tax increase that-- of both candidates and if you would close the deficit and turn some of the tacks to the higher levels, and the revenues for the government, revenue enhancement. however, to cost patriotism to say a small fraction of the country will have an extra tax burden, everybody has to pay more taxes, in fact, if you combine the tax proposals of mitt romney and pre
FOX Business
Oct 4, 2012 9:00pm EDT
: many other republican study committee, a group of congressmen who were worried about government spending. the committee chairman is congressman jim jordan. what do you want to do? cut for people of? >> no, we want to help them get to a better life. what you need to do is create programs that actually help people get to a better life. john: ever done before. >> you do it by not waving the work requirement like this administration did. you -- john: to be fair, they have not totally waived a work requirement. they let some states experiment. >> they also let some states not have a work requirement and there sang were not going to require that one key element that helps people get to the american dream, experiences. did the job. that is what we want to see. that key ingredient to accomplish anything that we all learn. john: how? that was already in the original welfare reform act? we have a new welfare reform act, updated version. >> for trying to get a handle on all of the social welfare spending the federal government does. estimates are 600 billion the year when you factor in med
FOX Business
Sep 30, 2012 2:00am EDT
temporary. when the government does, it's taking our resources and playing politics with it. it's about trade barrier, stealing our intellectual property rights, what both candidates should be focused on, not this thing about who invests more in china. >> david: if it's private money, may it go where it will. private investors are free to do with their money, but not my money, not my tax dollars. >> i have no allergic relax to governor romney investing in china, if that's what he wants to do. the issue is he makes these investments, goes out on the campaign trail, trashes china, tells us these things he's going to get tough about, when we know he's never going to do any of it. >> david: how do we know any of it, by the way? >> we don't know it, but i'm pretty darn sure. here's the most interesting part, when he finally releases his tax return, we see he quickly sold off the investment he had because he looked guilty. that's kind of silly, isn't it? like the kid getting caught with his hand in the cookie jar. if you feel okay about, don't sell it off because you're running for president.
FOX Business
Sep 29, 2012 1:00am EDT
, university of maryland -- north carolina i debated former vermont governor about the role of government. i hope i convince them but i don't know. when everything it is important we have an open debate. and traditionally that is what universities were supposed to be about. open debate. but college campuses often are not. two reasons. some have speech codes of what you cannot say. some are so liberal libertarians and conservatives are ostracized if they speak up. you had a student here? >> 2010. and robert studies free-speech and is with fire the foundation for individual rights and education. hadley, you were not very political. what happened? >> i have opinions but struggled what i believe, when to speak up, and when to be quiet. john: the because of friends ? >> there were a variety of students that were very mature but others who could be loudmouth that overshadows the culture with a small group to make a lot of noise it can be intimidating. congressmen tom 10 credo was invited but the speech never happened. john: he has positions on immigration that you disagree. i am not in alignment w
FOX Business
Oct 2, 2012 8:00pm EDT
not understand business and rummy does not understand how to govern. so pick your poison. the fact that most of the economists prefer mitt romney's poison speaks volumes. it speaks volumes about how economist have had it with mitt romney's end obama's poison. romney might be more likely to get congress to do something, whereas obama has shown that he cannot. allen sinai says that romney is more likely to cut the growth of government itself. well, hope springs eternal, i guess, but these are among the finest economic minds of the country, many of them supporting -arack obama early on. until now. i don't know whether economists and their shifting views translate to the voters shifting views, but it is noteworthy, little bit more than 24 hours ahead of the first debate, that for the biggest numbers among us, the debate is not settled. barack obama and his time is up. whether economists then the voter. hadley heath, when you think of that? >> inside of the beltway, we like to think about this. people outside of the beltway understand that this administration's effort to revive the economy has fa
FOX Business
Oct 3, 2012 9:00pm EDT
announced in advance, will be three on the economy and one each on health care, the role of government and governing with an emphasis throughout on differences, specifics and choices. both candidates will also have two-minute closing statements. the audience here in the hall has promised to remain silent. no cheers, applause, boos, hiss among other noisy, distracting things so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama and governor romney. [applause] [applause] >> jim. >> moderator: yesman, welcome to you both. let's start with the economy, segment one, and let's begin with jobs. what are the major differences between the two of you about how you would go about creating new jobs? you have two minutes, each of you have two minutes to start. a coin toss has determined, mr. president, you go first. obama: thank you very much, jim, for this opportunity, i want to thank governor romney and the university of denver for your hospitality. there are a lot of points i want to make tonight, but 20 years ag
FOX Business
Sep 30, 2012 9:30am EDT
number of state governments are doing it to get high achieving kids into college sooner. should all states do it to bring taxpayer costs lower? hello, everybody. welcome to "cashin' in." this week we have jonathan, tracy, todd, jim is here, and joining us this week we have sally cohen. welcome to all of you. jim, i'll start with you. why do you like this two-year plan for high school kids? what do you like about it? >> everybody pays taxes, whether they own a home or not, whether they have children or not, everybody pays for education, and every year they get worse education and it costs more. we've dumbed down our school program to rush kids through the system. why not do it the other way? why not had let the achieving kids rush through the system and get away from this burgeoning ed accuracy? beyond that, we're spending money on things that aren't being productive for our economy. let these achieving students, send them the message that if you achieve you will be rewarded. the idea we're going to get any of this taxpayer money back is kind of a mirage. taxpayers never get any mone
FOX Business
Oct 5, 2012 7:00pm EDT
the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public broadcasting, but here's the homework the left should have done before they and president obama began their reflective aattacks. they are $388 million in assets now. in merchandise sales alone, it brought in $45 million, five times what it received in government grants. that little cute sesame workshop turns out to be a moneymaker producing hundreds of millions of dollars. we take all of that up tonight with former george bush senior adviser carl rove, and as well, the unemployment rate falling to 7.8%, employers adding just 114,000 jobs. we're talking about that, and, yes, big bird too with the congressional budget office with douglas holtz-eakin. any -- new reports two suspects were arrested in the assassination to the ambassador to libya and three other americans. the man who broke the story that the obama administration knew it was a well-planned terrorist attack within 24 hours. daily beast writer, eli lake, joins us. governor romney campaigning today in virginia and florida ridi
FOX Business
Sep 28, 2012 5:00pm EDT
in france have to pay their government. that is, thank you, to the country's socialist president. there he is. he looks so happy, doesn't he? how would you feel about giving 75% of your income to uncle sam? for now that insane tax rate is staying on the other side of the pond. i don't know, are we next? joining me for more on this, chief economist brian wesbury. brian, great to have you back on the show and i just fear that there are folks in washington who look at this and say, now, that french thinking, they are thinking right. scary, right? >> yes. we know they like a lot of things that the french like. big government. big spending. big entitlement programs. and this is the last gasp. i call this paul krugman's alamo. i guess if you're going to talk european we have to say it is the waterloo, right? melissa: right. >> we spent all the money. we can't afford it. now we'll tack, we're going to confiscate people's income to try to pay for all of this. what they will do is destroy their economy. so this will be, this will be the end for france. this can't last. hollande, i can't man he is p
FOX Business
Oct 2, 2012 5:00pm EDT
they acquired over the course of the weekend, this company, at the behest of the u.s. government. i think they feel like, they were forced to buy this company at a time when the country's financial system was falling apart and that in essence, no good deed goes unpunished. here you are coming after them, penalizing them, suing them for something they did to try and help the financial system. that is their argument. how do you respond to that? >> i have, high regard for a lot of the folks over there but with all due respect they bought this company with a $29 billion taxpayer loan. if anything, i think the people in most of america, feel that there were two few strings put on banks bailed out by tarp and through this loan and through other benefits that were provided by federal government to the banks. they know they acquired the assets and the liabilities. we would send a terrible message if we said, oh, you know what? some people are going to get busted for material misrepresentations and fraud and some folks will gets a pa. we can't do that. we're prosecutors. this is not the only insti
FOX Business
Sep 30, 2012 2:30am EDT
, the 80s, this whole egalitarian policy that you got to cut down. the government monopoly incent incentivizes kids stay. let gifted kids move on and save taxpayers money in the process. >> todd, wouldn't you rather have kids, smart enough, willing enough to get out in two years, you would keep programs like gym, home economics, programs they've talked about cutting. this is a way to save those classes perhaps. >> maybe, but you're assuming that you'll have so many kids in this accelerated program. look, it's not a linear number. in other words, you just don't say in two years this is it and they're done. you'll have a big percentage of kids that still have to be there for four years. it's a revolving number. plus, you'll have some that are held back. what do you do with all the kids out of school already? you don't even have the jobs that are there for them already. look, you'll see property taxes go through the roof because the counties will have to hire more people to baby-sit all the kids that you just graduated. >> the thinking is they would go off to college, even if it was
FOX Business
Oct 4, 2012 10:00pm EDT
private individuals acting without government stores and will make the world a much better place. that is our show. i'm john stossel. good night. ♪ lou: good evening, everybody. the political and media world reverberating with a shock wave of the romney victory in last night's presidential debate in denver. dominating throughout, governor romney may well have turned the race for the white house, an entirely new and unexpected direction. president obama is tonight seemingly less the object of sympathy than the target of harsh criticism from left wing of luminaries upset with his lackluster and at times seemingly detached performance. the new york times today wrote, there are two more chances for the president to change tactics were to at least show up to the debate. president xanax just doesn't cut it. the "washington post" has written, if the obama campaign was worried about them is being overconfident going into the final stretch, tonight should allay those fears. chris matthews wind, where was obama tonight? well, his nbc colleague ed schultz admitted he was absolutely stunne
FOX Business
Oct 1, 2012 7:00pm EDT
it will coincide with our perspective, the libyan government understood and said clearly what happened. it was in direct contravention to what the president and spokesman said and were told. they have no other intelligence sources. >> i have spent enough times overseas, and most of my adult life, to know that sometimes you have to take with a grain of salt what the most country is stay -- host country is saying, i understand sometimes skepticism over host country, this is what happened. but, in this case, to your point, the libyan government of right. my 5-year-old boy could have figured it out this was a terrorist-related incident planned ahead of time just by looking at tactics used. fields of fire, the way that the attackers moved and all of the information leading up to this saying common sense would tell you this was a preplanned attack. lou: and we're watching our ambassador, lead to a safe house that was neither safe or protected. and the fact that the terrorists knew there was a safe house located at that position and at is where they killed him, led your intelligence analyst t
FOX Business
Oct 3, 2012 5:00pm EDT
. it is not about israel or america. it is about their dissatisfaction with their own government. that is something the government will have a hard time making go away. melissa: walid, why do you say it is america's response and israel's response that make as difference. >> i didn't say the united states. i didn't say israel because they're locked in almost military conflict and intelligence conflict with the irrainsian. the united states as leader of free world has opportunity now. iran this may be one of the wave to come it is not final wave of course. after egypt, after tunisia after the other models in syria and libya there is possibility for the united states to encourage basically the iranian people to continue with demonstration. >> how? >> or repeat of 2009 when the administration said we don't want to meddle, have nothing to do with it. melissa: what do they do to encourage it? >> we're seeing representatives of the opposition, if the opposition organizes. second we aggrandize their message. thirdly, depend how the events take place inside iran we may take this to the international communi
FOX Business
Oct 4, 2012 7:00pm EDT
folks down in new orleans, implying because they're black. that the federal government, the rest of us, apparently, did not care about the folks in the once in 2005. that, of course, then senator barack obama talking on the fifth of june. in 2007, that video obviously very, very well documented. the current president's view before a mostly black audience of ministers that the country just doesn't care as much about our black citizens as we do other citizens, specifically knew well as residents. what i wanted to do tonight is but a few facts forward. get into the issue of all of the nonsense in. but faugh precisely what the aue said, and you decide why he chose to leave information out, why he did not tell them a number of things, why he did not tell them, for example, that less than two weeks before he gave that speech on the fifth of june that he, in fact, had not voted to rave the stafford act in question. on the 24th of may of that same year he voted against the waiver. which would, of course, have permitted no responsibility on the part of state and local governments to provide one
FOX Business
Oct 3, 2012 9:20am EDT
america. i say it's because of the pills of stimulus, a massive government spending, and heavy regulation simply has not produced a robust economy which would raise the middle glass. it's subdued the middle class. what's your explanation. >> well, i mean, that's the debate between governor romney and president obama. i mean, you're right. and that's the middle class is really struggling. something that's been true really for 30 years, when you look past what's happened in the middle class the last 30 years, it's basically treading water and it's gotten much tougher in the past four years, and this big debate between the two sides is whether it was, the bush policies, that preceded that president obama that was a major contributing factor or is-- a the romney campaign is trying to argue with the stimulus measures and other steps that the obama administration took. >> well, congressman, what is going to get us out of it? do you think that of continued policy of raising taxes on the rich, that's the policy. a continued regulation, under obamacare, and financial reform, continued regulation,
FOX Business
Oct 3, 2012 8:00pm EDT
there, but the taught there, and i enjoyed him. he can govern. he governedded massachusetts, a state was ungovernable with a democratic legislature. he'll go back to that if he gets in and begin to do it. i hope he comes across without looking like the handlers were at him out all. neil: what do you think of how he's run the campaign? >> handlers got to him. when you run, and you got a staff like that, and they say don't do this, and, of course, obama has the crack staff. he's got axelrod and gibbs, and they are not interested in policy. they are interested solely on getting their guy re-elected, like america can shovel along because our first job is to get our guy re-elected while the other issues go on unaddressed. people are tired of that and disgusted. neil: will they welcome the tough medicine that will likely go along with this? you've always told me, senator, that people are grown ups, understand the issue, and you think they'll work on these? >> we go all over the country, saying pull up a chair. we don't do bs or mush, but math, and not myth. we don't want filtered questions
FOX Business
Sep 28, 2012 12:00am EDT
're not deal with that. government debt is growing more than private debt is slowing and that means we would like japan we're getting more and more in debt. you can never come out of this crisis. melissa: harry, before you go, are you better off than four years ago? that is what average person is answer to that? i don't want to know about you personally or your bank account but when you look at these numbers what would you say? >> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier environment? environmentalist says fracking boom is the cause of lowest carbon dioxide emissions in 20 years. he is here next to explain. fascinating stuff. >>> dire situation for many states
FOX Business
Oct 3, 2012 6:00pm EDT
of government. the moderator from pbs will ask president obama the first question and then candidates will alternate for all 90 minutes. for each question the candidates will have two minutes to respond and are not permitted to talk to each other. much more on the debate when i'm joined by one of the smartest political minds and politics, call growth. you don't want to miss that. all right. both candidates will be trying to win over undecided middle-class voters, and the big concern, who has the better tax plan. romney floating a new idea. today at of the debate which includes a cap on itemized deductions. for more on this on joined by scott hodge, president of the tax foundation. welcome to the show. i have listened to the radio interview, and i'm having a hard time making sense of this. the basics of this plan, and this is finessing a plan that is already out in the marketplace. he would cap itemize deductions at $17,000. taxpayers would choose which deduction to claim, which still lose. now, kendis work? do you think it is a good idea? >> well, i am a tax purists. i think it is a l
FOX Business
Sep 30, 2012 1:30am EDT
going to be demand to be paid, but reach the point where the foreign governments will demand exorbitant amounts to lend to us, i'm sorry to say, there's not enough to be done, we're going to have to raise taxes, and we're going to have to do it. >> why start with something that will prevent you from cutting. >> it's not going to be-- >> with all due respect, ben, the history of this country the last 20 years, or 30 years, trying to do deficit reduction is raising taxes and not doing the cutting on the other end. why don't we try a different approach? why don't we try an approach and cut stuff and then maybe raise, at thats later? >> we can't cut. we can't cut. we can't cut. >> then we're might as well as go down in flames if we can't cut. >> raise taxes. >> neil: charles, one of the interesting things this week, the 47% romney thing and i go back and forth no matter who's nose got out of joint as a result of the comments picked up at a fundraiser. the 47% should stagger you, how we get 47% don't pay taxes. i take nothing away from those on social security, retirement. for whatever reaso
FOX Business
Sep 30, 2012 10:00pm EDT
government red tape is putting our country at a competitive disadvantage. plus, president obama gets a boost in the polls. the romney camp plays down expectations for next week's debate. some predictions. welcome to "the willis report." but, everybody. i'm lori rothman in for gerri willis perry the recovery is flat lining. the jobless rate has been about 8% for more than three years. but president obama is getting a well timed bump care of the labor department. bystanders showing more jobs have now been created and lost since the president took office. does this hurt mitt romney's argument? let's ask former republican governor mike huckabee of arkansas. it is wonderful to have you. >> great to be here. lori: what do you think of this jobs revision? it seems to be a nice boost for obama. >> if he is looking for anything, this is the lifeline he has. the fact is, of the jobs that have been created are jobs that are being created at a much lower pay scale than the jobs that people lost. some 30% lower. the fact that people have got a job does not necessarily mean they're better off. the key thi
FOX Business
Oct 2, 2012 7:00pm EDT
apparently shut it down. u.s. government is not required to mediate any disagreements between the two parties of the blue mountain libya partnership. saying it is currently satisfactory. there was no immediate response on the comment. a u.s. official is not denying reports the administration is laying the initial groundwork behind the attack as many as one dozen possible targets, ashley. ashley: thank you very much. let's get into this a little bit more, joining me now, retired united states army lieutenant colonel and former fox news middle east former senior advisor to governor romney and also author of the book "the coming revolution, struggling for freedom in the middle east." as we get more details on the events prior to the benghazi attacks it appears in the days, the weeks and the months prior there was plenty of warning signs. why is it these were the very least ignored? >> the main problem the administration has in libya is being unable to connect information from the various agencies. the fact there are militia on the ground proceeding as rebels. penetrated by al qaeda. because it w
FOX Business
Oct 5, 2012 5:00pm EDT
. >>> plus fighting over fracking? a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employers survey thou
FOX Business
Sep 28, 2012 6:00pm EDT
protect its in my pocket. this is the government basically being a moderate. they get to do it legally and there is not all lot you can do to stop them. lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this
FOX Business
Oct 1, 2012 8:00pm EDT
means, $16 trillion in debt, just means the expansion of government. poll after poll shows the american people and american voters are concerned about how big the federal government has been getting. i hear a lot of repeats in what they're asking for. president obama may not be implementing an environmental policy that is directly geared toward climate change, but look at the epa policies under president obama. they are geared toward addressing climate change in terms of regulations on coal mines. in terms of immigration reform we have seen president obama work on the. >> translator: and we just saw his executive order that looked very similar to that piece of legislation. it's kind of a repeatable we have already seen and a little out of touch with people concerned about right now. neil: i wonder if it is part of the perceived victor's already claiming the spoils. i suppose it mitt romney were the runaway favorite, you are seizing on keeping open those facilities and military contracts or jobs that could be imperiled as a result of even automatic sequestration. so are we seeing somethi
FOX Business
Oct 1, 2012 9:00pm EDT
you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government ployees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political rties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. gerri: breaking news. reports tonight new york attorney general is -- over widespread fraud. for more, and joined by fox business news robert gray in the newsroom with the latest. >> in this harkens back to bear stearns. the failed in this bank that j.p. morgan rescued in the spring of 2008. bear stearns to sell the mortgage backed securities in question here. again, alleging widespread fraud according to the "wall street journal" reporting on this. they are saying that this is part of a broader net that is being cast by government officials. this is not likely to be the last action that we see
FOX Business
Oct 3, 2012 4:00pm EDT
to look ahead to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all right. we've got all this covered plus a lot where we have larry shoafer in the pits of the cme group. bob phillips, telling us why the recession already here. legendary investor wilbur ross who needs no introduction and will tell us what is he investing. larry over at the i know talking with nicole that hewlett-packard was bringing down the whole index. you look at oil. it is hard, you can't call it a crash but a 4.25% drop in oil is the biggest drop we've had in months. doesn't that show you that we're at a tippingpoint here where the weakness in the economy may finally spill over to the stock market? >> it might be one of those things that does tip over the stock market. being down 4% i like the fact, i don't think the market
FOX Business
Oct 5, 2012 8:00pm EDT
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FOX Business
Oct 1, 2012 6:00pm EDT
. they are saying that this is part of a broader net that is being cast by government officials. this is not likely to be the last action that we see. again, going after residential mortgage-backed securities saying that bear stearns, a unit of jp morgan chase misrepresented the quality of the mortgages that were being sold off in that collateralized debt obligation and other mortgage-backed securities backed by mortgages, many of them sub prime. talk about 22 and half billion. what they call an astounding number of those, more than a quarter of the principal balance that were listed by bear stearns . this is part of a broader net being cast by government officials and jp morgan will fight the charges. gerri: thank you for that report. a barrage of economic reports making consumers nervous. it would like to be. we heading toward an economic slowdown or as the u.s. economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be h
FOX Business
Oct 3, 2012 11:00pm EDT
knows the government does not give you a direct amount of money. the government reimburses the doctors. if the government cuts the money that reimburses your doctors, that's how the government cuts medicare. few understand that. neil: at the very least, you think mitt romney might have arrested what had been some losing momentum in the swing states? >> mitt romney sounded like a president tonight, looked like a president. there's no substitute for that. neil: okay. congressman, great covering you over the last many months. >> good seeing you always. neil: a republican convention, this guy, you know, he was k like, hey, yao -- you're a republican now. very funny, very good speech. >> thank you. neil: we have dan debolt joining us now, might have a slightly different view than the congressman, the president's campaign national press secretary. ben, i think you heard what the congressman said that your guy lost tonight. >> you know, governor romney came into the debate to prosecute a case against the president. i think what was surprising was how much time mitt romney spent on the defensi
FOX Business
Oct 4, 2012 1:00pm EDT
calling mitt romney the winner. trickle-down government. i wonder what lou will say about that. lori: he has been wanting him to step out and drop the gloves. a lot of people saying he did that last night. we will also talk about retail sales. find out about these winners and losers. what stores are stocking up to grab your dollar as well. hope you like corduroys. melissa: not so much. elizabeth macdonald is at the rock 'n roll hall of fame in cleveland. she will be talking with mayor frank jackson. she will also be talking to joe roman. cleveland is open for business and we are there. lori: baseball fans, probably not a shock here, the boston red sox have fired their manager, bobby valentine. they had 93 losses last season. they finished dead last. melissa: it was a tough little series here in new york. lori: no surprise, but, boy, you just get one. to prove yourself. melissa: let's head to the floor of the new york stock exchange. nicole: we are looking at a market that has had up arrows. the dow jones industrials are up. it has pulled back a little bit. the truth of the matter is, we
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